Daley hails $1 million grant for Conshohocken
Financing to help transform brownfield site for businesses, jobs
CONSHOHOCKEN, Oct. 17 – State Rep. Mary Jo Daley, D-Montgomery, applauded a Redevelopment Assistance Capital Program grant totaling $1 million to help transform a former brownfield site in Conshohocken into office space and create high-paying jobs.
Daley said the grant will assist in paying for the construction of a 300,000-square-foot office building along the Schuylkill River. The project is expected to generate thousands of medical, technological and education jobs for the commonwealth within the next three years.
"These jobs will keep Pennsylvania competitive, and will also give our young people an incentive either to stay in our area or return home once they finish college," Daley said. "I’m happy this project converts land that has been only marginally useful into improved, state-of-the-art business space that could provide a positive economic impact to our community."
Daley thanked Gov. Tom Wolf for approving the Redevelopment Assistance Capital Program grant.
The RACP grant program is administered by the Governor’s Office of the Budget to foster economic, cultural, civic and historical projects with significant potential for improving economic growth and new jobs.